this post was submitted on 05 Jan 2025
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chapotraphouse

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[–] TheVelvetGentleman@hexbear.net 15 points 2 days ago

It's even more silly when the Fed says literally anything. There will be reports everywhere saying shit like "the last time the Fed chair used the word 'defined' three times we saw a huge downturn". But it's sort of a self-fulfilling prophecy because these people control the very market that they're betting on. So when they panic because the seers augur famine, the money pulls out and things dip.